PTO Budget Update: SEPTEMBER 2022
The Bishop PTO 2022-2023 budget was unanimously approved at the September 28, 2022 PTO Community Meeting.
At the start of this school year, our PTO finances are sound. Long term emergency funds remain at $15,000. Base cash for the 2022-2023 board was also secured at $10,000. Finally, this year’s board had $26,215 available in September so that $8,000 in teacher checks were written and distributed during the first month of school, purchased $1,000 supplies for classrooms, and funded a grant for gym equipment.
Predicting fundraising for this year remained challenging given the uncertainty of what “return to normal” events might look like. The Bishop community came out and strongly supported our fundraising events the past two years, however, the board is aware that there will be many more events and commitments competing for weekend time. Thus, the board budgeted conservatively with regard to both fundraising and spending.
The PTO board proposed a 2022-2023 budget with a deficit because of the excess funds available from the past 2 school years. Some funds in prior years were not able to be spent (events/field trips, etc) due to covid restrictions. The board plans to use these “one time funds” to support one time capital needs this year, namely the Bishop garden renovation and several teacher grant requests for capital spending. As a result of these 1 time expenditures, we are proposing to run a negative budget this year, equal to the amount of these capital expenditures
Our goal for this year as a Board was to budget conservatively with regard to fundraising, being careful to ensure that we are able to fund our ongoing initiatives, but also balance that with a readiness to fund additional grants and requests if our community is able to support those through fundraising.
A link to the 2022-2023 PTO budget is included at the bottom of this page. Please reach out to the PTO with any further questions.
Bishop PTO Yearly Budget
At the start of this school year, our PTO finances are sound. Long term emergency funds remain at $15,000. Base cash for the 2022-2023 board was also secured at $10,000. Finally, this year’s board had $26,215 available in September so that $8,000 in teacher checks were written and distributed during the first month of school, purchased $1,000 supplies for classrooms, and funded a grant for gym equipment.
Predicting fundraising for this year remained challenging given the uncertainty of what “return to normal” events might look like. The Bishop community came out and strongly supported our fundraising events the past two years, however, the board is aware that there will be many more events and commitments competing for weekend time. Thus, the board budgeted conservatively with regard to both fundraising and spending.
The PTO board proposed a 2022-2023 budget with a deficit because of the excess funds available from the past 2 school years. Some funds in prior years were not able to be spent (events/field trips, etc) due to covid restrictions. The board plans to use these “one time funds” to support one time capital needs this year, namely the Bishop garden renovation and several teacher grant requests for capital spending. As a result of these 1 time expenditures, we are proposing to run a negative budget this year, equal to the amount of these capital expenditures
Our goal for this year as a Board was to budget conservatively with regard to fundraising, being careful to ensure that we are able to fund our ongoing initiatives, but also balance that with a readiness to fund additional grants and requests if our community is able to support those through fundraising.
A link to the 2022-2023 PTO budget is included at the bottom of this page. Please reach out to the PTO with any further questions.
Bishop PTO Yearly Budget